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Key Takeaways From the CFPB’s Final Rule On Payday, Car Title, and Certain High-Cost Installment Loans

Key Takeaways From the CFPB’s Final Rule On Payday, Car Title, and Certain High-Cost Installment Loans

On October 5, the customer Financial Protection Bureau (CFPB or Bureau) released its long-anticipated rule that is final tiny buck financing, which takes care of payday, automobile name, and particular high-cost installment loans.1 The last guideline establishes 12 C.F.R.

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